Goldcliff Enters Funding Agreement for Tulameen Project
05 Dicembre 2013 - 9:13PM
Marketwired
Goldcliff Enters Funding Agreement for Tulameen Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 5, 2013) -
George Sanders, President of Goldcliff Resource Corporation
(TSX-VENTURE:GCN), announces that the company has entered into a
Sale and Purchase Agreement with Badger Minerals Ltd., a privately
held non reporting issuer. Badger will earn a 25 per-cent interest
in Goldcliff's Tulameen Copper property by funding a $250,000
exploration program by November 2014 and paying $25,000 upon
signing. The $250,000 exploration program will include drilling the
Whipsaw Trojan-Condor target. Upon completion of the $250,000
exploration program, the two companies will enter into a joint
venture agreement for further development of the property to be
funded 75 per-cent by Goldcliff and 25 per-cent by Badger.
Goldcliff will be the project operator throughout.
The Tulameen Copper
Project is near Princeton, BC, Canada and within the Copper
Mountain Camp approximately eight kilometers southwest of the
operating Copper Mountain Mine. The Whipsaw Trojan-Condor target
has alkalic porphyry copper-silver-gold showings with rock samples
that contain values ranging from 0.175% to 0.655% copper, 4.8 g/t
silver and 0.17 g/t gold. The mineralization is chalcopyrite,
malachite, pyrite, pyrrhotite and magnetite. These showings are
located within the strong 3D Induced Polarization chargeability
anomaly that has a depth of 500 metres and a surface area of about
four square kilometres.
Leonard W. Saleken,
P.Geo. (geologist), and Edwin R. Rockel, P.Geo. (geophysicist), are
the qualified persons as defined by National Instrument 43-101 who
supervised the preparation and verification of the technical
information in this release. The qualified persons for this report
are registered professional geoscientist with the Association of
Professional Engineers and Geoscientists of British Columbia.
GOLDCLIFF RESOURCE
CORPORATION
George W. Sanders,
President and Director
Neither TSX
Venture Exchange nor its Regulation Service Provider (as that term
is defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or the accuracy of this news
release, gcnnews201208.
Goldcliff Resource CorporationGeorge W. SandersPresident(250)
764-8879 or Toll Free: 1-866-769-4802(604)
261-8994sanders@goldcliff.com or
info@goldcliff.comwww.goldcliff.com
Grafico Azioni Goldcliff Resource (TSXV:GCN)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Goldcliff Resource (TSXV:GCN)
Storico
Da Set 2023 a Set 2024